Logistics Firm Raises $250 Million to Help Brands Take On Amazon

Stord Inc., a logistics technology startup, raised $250 million in a new funding round to expand its fulfillment operation and help merchants better compete with Amazon.com Inc.

The financing, which Stord is set to announce on Tuesday, values the firm at $3 billion. Kleiner Perkins, Founders Fund and Strike Capital were among the investors that participated in the round, the company said.

Founded in 2015, Stord has positioned itself as a partner to help retailers manage inventory as well as the checkout and fulfillment process, at a time when many businesses struggle to match the fast, affordable shipping ...